Important Disclosure Statement for CalNeva:

An investment in the units of CalNeva is speculative and risky. No assurance can be given that investors will realize their investment objectives or will realize a substantial return (if any) on their investment. Investors should be able to bear the complete loss of their investment in CalNeva. For this reason, each prospective subscriber for CalNeva should carefully read CalNeva’s Private Placement Memorandum (“Memorandum”) and all Exhibits to the Memorandum. Each prospective subscriber should consult with his attorneys, accountants, and business advisors prior to making an investment in CalNeva. Only qualified, eligible investors may invest in CalNeva.

CalNeva will invest in multifamily, residential real estate, which includes apartment and student housing. As such, investment in the Units does not constitute a diversified investment. CalNeva intends to diversify its investments by investing in multiple multifamily residential properties throughout the United States. CalNeva intends to hold approximately 20 properties with no single investment representing more than 20% of CalNeva's total invested capital. Anticipated portfolio characteristics may differ from actual portfolio holdings. An inability to raise substantial funds in this Offering could also result in substantial limitations on CalNeva’s ability to achieve a diversified portfolio of assets.

Because this is a blind pool offering, investors will not have the opportunity to evaluate investments before CalNeva makes them, which makes an investment in CalNeva more speculative. The investors must rely on the management of CalNeva and to make all investment decisions. There can be no assurances or guarantees that CalNeva’s investment objectives will be realized or CalNeva’s investment strategy will prove successful.

An investment in CalNeva may be affected by a number of factors beyond the control of the management of CalNeva that will affect the value of CalNeva’s investments. These include risks typically associated with investments in residential real estate that produce income such as increased vacancy rates, re-letting risk, or decreased rental rates, adverse changes in general economic conditions or local conditions that may reduce the demand for multifamily residential properties, changes in the demand for or supply of competing properties in an area, unanticipated holding costs, the availability and cost of necessary utilities and services, changes in real estate tax rates and other operating expenses, changes in governmental rules and fiscal policies, changes in zoning and other land use regulations, environmental risks such as mold contamination or environmental claims that could be made against CalNeva, and natural disasters, most of which are not covered by insurance.

CalNeva will operate in a highly competitive market for investment opportunities. CalNeva's profitability depends, in large part, on the ability to acquire profitable investments. In doing so, CalNeva will compete with numerous other entities and individuals engaged in real estate investment activities, many of which have greater financial, technical, marketing, and other resources than CalNeva. Poor performance of the investment management in selecting investments for CalNeva, or poor performance of any investment, could adversely affect the profitability of CalNeva and the overall return to the investors.

CalNeva may make investments through a joint venture or co-investment arrangement. Such arrangements may be on terms that limit CalNeva’s ability to control the investments and to receive returns on those investments.

Adverse economic conditions may adversely affect the ability of CalNeva to obtain financing. Unfavorable financing terms or the inability to obtain financing would adversely affect the operating results of CalNeva. The high level of leverage on the properties increases the debt service risks and the likelihood of foreclosure. CalNeva's borrowing of capital increases the risks of adverse effects on CalNeva's financial condition.

The investment manager of CalNeva has a limited operating history and track record upon which prospective investors may base an evaluation of its likely performance. Prospective investors should not rely on the past success of the investment manager's affiliates. The success of CalNeva is significantly dependent upon the expertise of certain investment or support personnel and any future unavailability of their services could have an adverse impact on the CalNeva’s performance. The General Partner and a majority of Limited Partners may agree to amend the CalNeva Agreement, which could be adverse to some limited partners. It is impossible to predict accurately the results from an investment in the CalNeva because of general risks associated with the complete reliance on the General Partner and its affiliates to identify and negotiate the investments to be acquired by CalNeva.

The proposed method of operation of CalNeva creates certain inherent conflicts of interest among the CalNeva, CalNeva, the General Partner and their affiliates. The liability of the investment manager is limited. CalNeva and its affiliates may compete with CalNeva's investments and may provide services to the CalNeva or Property Owners. CalNeva may make direct investments in affiliates of the investment manager. The investment manager may have conflicting fiduciary obligations with respect to the allocation of investment opportunities. The investment manager and its affiliates will receive compensation and reimbursements. Certain compensation to the investment manager and its affiliates has not been established by arms-length agreement. CalNeva's and the investment manager's officers and agents will engage in other management activities. A single legal counsel will represent CalNeva, the investment manager, CalNeva and their affiliates.

The investment manager may have conflicting fiduciary obligations when making investments through a joint venture or co-investment with an affiliate of the investment manager. These transactions may not be the result of arm's-length negotiations and may involve conflicts between the CalNeva's interests and the interests of the investment manager and its affiliates. The investment manager will use reasonable efforts to ensure that the terms and conditions of such transactions will be no more favorable to the affiliate than could be obtained by arms-length negotiations with an independent third party.

An investment in CalNeva is illiquid. No public or other market will develop for the Units. These securities are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act of 1933, as amended and the applicable State securities laws, pursuant to registration or exemption there from. Prospective investors should be aware that they will be required to bear the financial risks of any investment in these securities for an indefinite period of time.

Units of CalNeva are offered without registration under any securities laws due to a reliance on an available exemption. Although, CalNeva’s offering documents are not reviewed or approved by federal or state regulators, CalNeva must comply with a variety of legal and compliance requirements. Failure to comply with the requirements for a private offering exemption would adversely affect CalNeva. Maintenance of an Investment Company Act exemption may impose limits on CalNeva's operations, and if CalNeva becomes subject to the Act, CalNeva would likely be unable to continue its business.

To the extent Fund cash flow permits, the investment manager intends to make monthly distributions to the Limited Partners, however, the investment manager may reinvest all or a portion of proceeds received from CityVest on or before December 31 2020, rather than using such proceeds to make distributions to the Limited Partners. Prospective investors should be aware that the sole source of cash from which CalNeva will make cash distributions on the Units will be from revenues received from investments made by CalNeva. No assurance can be made that CalNeva will receive sufficient return on its investments to enable it to make any distributions to the Limited Partners.

Certain statements included in this presentation constitute "forward-looking statements" and are subject to a number of significant risks and uncertainties. Any such forward-looking statements contained herein should not be relied upon as predictions of future events. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "could" "would likely," "should," "seeks," "approximately," "intends," "plans," "estimates," "anticipates," "continue" or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions. Such forward-looking statements are subject to numerous risks and are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and may not be realized. In that regard, actual results may differ materially from those in forward-looking statements. As a result of the foregoing, no assurances can be or are given as to future results of operations or financial condition of CalNeva.

CalNeva’s investment approach has complex tax implications for investors. These ramifications should be reviewed carefully and applied to each investor’s individual circumstances. CalNeva may involve structures or strategies that may cause delays in important tax information being sent to investors. You should obtain investment and tax advice from your advisers before deciding to invest.

This material includes certain statements, estimates and projections of CalNeva with respect to the anticipated future performance of CalNeva. Such statements, estimates and projections reflect various assumptions of the investment manager that may or may not prove to be correct, and no assurance can be made that CalNeva can or will attain such results. Nothing contained herein is or should be relied on as a promise or representations as to the future performance of CalNeva.

These materials (the “Presentation”) have been provided for informational purposes only and neither constitutes the Memorandum of CalNeva nor provide a comprehensive disclosure of both the terms of investment and risk disclosures associated with an investment in CalNeva. This Presentation is not a complete summary of the terms of CalNeva or the background information of persons associated with the Investment Manager and is qualified in its entirety by, and must be read in conjunction with, the more detailed information included in the Memorandum, the governing documents of CalNeva, the Subscription Agreement of CalNeva and other related documentation.

This Presentation, furnished on a confidential basis to the recipient, is neither an offer to sell nor a solicitation of any offer to buy any securities, investment products or investment advisory services, including units of CalNeva. This presentation is not an advertisement and is not intended for public use or distribution and is intended exclusively for the use of the person to whom it has been delivered. An Offer may be made only by means of the Memorandum. This sales literature must be accompanied or preceded by that memorandum and read in conjunction therewith to fully understand the implications and risks of the securities to which it relates.

Please read the important disclosures below.

CityVest.com is a website owned by CityVest Platform Services LLC, a subsidiary of CityVest Capital Inc. (together with its affiliates, “CityVest”). CityVest's software and technology web platform is used by real estate sponsors to advertise to interested parties information related to sponsors’ own real estate opportunities. By accessing this website, you agree to be bound by its Privacy Policy and Terms of Service. By accessing this website, you agree to be bound by its Privacy Policy and Terms of Service.

CityVest Platform Services is paid a fixed platform fee by investment management funds. In addition, CityVest Platform Services is paid fees by investment management funds for administrative services including anti-money laundering verification (AML) and accreditation verification. None of these fees are paid by investors to CityVest.

The information on this website does not constitute an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any investment or security described herein. Any such offer or solicitation shall be made only pursuant to the final confidential offering documents of any entity described on this website, which will contain information about each entity’s investment objectives and terms and conditions of an investment and may also describe certain risks and tax information related to an investment therein and which qualifies in its entirety the information set forth herein. The information contained herein does not constitute part of the offering documents of any entity. An investment in any entity included on this website, entails a high degree of risk (including the possible loss of a substantial part, or even the entire amount, of an investment) and no assurance can be given that any entity’s investment objectives will be achieved or that investors will receive a return of their capital. Past returns are not indicative of future performance.

CityVest and its affiliates are not registered as a a broker-dealer, registered investment advisor, or crowdfunding portal. Unless stated otherwise in writing, CityVest and its affiliates do not offer brokerage or investment advisory services to website visitors.

The information contained herein is provided for general informational and educational purposes only and is not a substitute for professional advice.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. Any investment information contained herein has been secured from sources we believes are reliable, but we make no representations or warranties as to the completeness, adequacy or accuracy of any information provided. Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this website, and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.

Although not included or provide here, website visitors should read the confidential offering materials of any privately offered investment product, including all risk and conflict disclosures included therein, before investing. Please read detailed information about the investment manager’s detailed financial and information material that is provided by the issuer. The information contained herein should be treated in a confidential manner and may not be reproduced or used in whole or in part for any other purpose.

Articles or information from third-party media outside of this domain may discuss CityVest or relate to information contained herein, but CityVest does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by CityVest of the linked or reproduced content. CityVest has relationships with third parties that may be paid compensation for informational, educational, marketing, testimonial, advertising, or promotion services about opportunities listed at the CityVest website. Given that such third parties are or have been compensated, they may have a real or potential inherent conflict of interest in disseminating information about CityVest. Such third parties could include, but are not limited to, Google, Facebook/Meta, LinkedIn, Yahoo, Benzinga or informational websites. Such compensation would be a cash payment and may be paid in a variety of methods including, but not limited to: a monthly fee, number of click through to the CityVest website, number of people viewing, expressions of interest, email contacts, sign-up forms, and other methods. Any information that you may have read from CityVest or a third party does not constitute or imply endorsement, sponsorship or recommendation thereof.

Investing in securities or real estate (the "Investments") poses risks, including but not limited to market risk, credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Investments are only suitable for accredited investors who understand and willing and able to accept the high risks associated with private investments. Nothing on this website should be regarded as investment advice, either on behalf of a particular security or regarding an overall investment strategy, a recommendation, an offer to sell, or a solicitation of or an offer to buy any security. Advice from a securities professional is strongly advised, and we recommend that you consult with a financial advisor, attorney, accountant, and any other professional that can help you to understand and assess the risks associated with any real estate investment.

CityVest does not make investment recommendations, and no communication through this website or in any other medium should be construed as such. CityVest is not participating in the pPrivate placement of any securities, which would be made exclusively by the issuer. Private placements of securities are not publicly traded, are only for accredited investors, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by CityVest, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Information presented or posted on CityVest.com is qualified in its entirety by reference to the more complete information contained in the relevant issuer’s investment documents. The information on CityVest.com is not complete, and each prospective investor should carefully read all of the investment documents and any supplements thereto, copies of which are available directly from the relevant issuer. These documents should be reviewed before deciding whether to make an investment. All information, including Issuer Information, presented or posted on CityVest.com should not be used as a primary basis for an investor’s decision to invest. In the event of an inconsistency between any information, including issuer information, presented or posted on CityVest.com on one hand, and the relevant investment documents on the other, investors should rely on the information contained in the investment documents – which is only available from the issuer. The information on CityVest.com is subject to changes at the sole discretion of CityVest.

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FORWARD-LOOKING STATEMENTS

The presentation at the CityVest.com website includes information provided to CityVest by the fund being described. It contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express fund manager’s current views concerning future events, trends, contingencies or results, appear at various places in this presentation.

Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “targets,” “plans,” “may,” or other similar words (including their use in the negative). Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this presentation. We do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause the fund’s actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:

■ Increases in the Company’s borrowing costs as a result of inflation and increasing interest rates and other factors;
■ Changes in real estate market and general economic conditions or economic conditions in the markets in which the Company may, from time to time, compete, and the effect of those changes on the Company’s or revenues, earnings and Offering sources;
■ The ability and willingness of the Company’s tenants to renew their leases with the Company upon expiration of the leases, the Company’s ability to reposition its units on the same or better terms in the event of nonrenewal, including in the event of a recession;
■ Our ability to make acquisitions and dispositions and successfully integrate the businesses we acquire;
■ The Company’s limited operating history;
■ The Company’s success in implementing its business strategies;
■ The nature and extent of future competition, including new construction in the markets in which the Company and its facilities are located;
■ The Company’s reliance on key personnel;
■ The Company’s reliance on third-party vendors of technology, in particular the technology used to process and collect payments, or in the Company’s self-service kiosks or unmanned onsite operations and management;
■ Risks associated with the lack of liquidity of the Company’s securities; and
■ The impact of litigation or any financial, accounting, legal, tax or regulatory issues that may affect the Company or its tenants.

The factors noted above are not exhaustive. The Company operates in a dynamic business environment in which new risks emerge frequently. Further information about the Company’s businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company’s Private Placement Memorandum, which you should read before deciding to invest.